AUSTRALIA

ALS rejects $2.7b takeover offer

TESTING, inspection and certification group ALS' shares have soared more than 30% after rejecting a $2.7 billion bid from private equity firms Advent International and Bain Capital.

Anthony Barich

ALS' shares rose from $4.05 to $5.15 yesterday when ALS came out of a trading halt to reject what it described as an indicative, non-binding and "highly conditional" proposal from the two private equity...

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